Gazprom Pipeline Talks Renewed In Russia-Turkey Detente

Russian gas producer Gazprom (OGZPY) is again pushing plans for a natural gas pipeline that passes through Turkey.

The so-called Turkish Stream project had been sidelined, but Eurasia Group says an intergovernmental agreement could be reached by October on the first piece of the project. Russia is motivated to circumvent Ukraine in exporting energy. Turkey may have lesser motivations, one reason the multi-phased project will be costly for Gazprom. Eurasia Group analysts Emily Stromquist and James Sawyer write: